Pharmaceutical Patent

Intermediate πŸ₯ Healthcare / Medical

Definition

A legal shield that allows a company to charge $50,000 per pill for something that costs $2 to manufacture.

Example Usage

The pharmaceutical patent runs until 2035, so generic versions are still illegal.

Source: Pharmaceutical and legal terminology

Related Terms

Translate This Term

See “Pharmaceutical Patent” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

Try the Translator